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Fly News Breaks for September 6, 2018
BSAC
Sep 6, 2018 | 06:56 EDT
JPMorgan analyst Domingos Falavina upgraded Santander Chile to Overweight from Neutral while lowering his price target for the shares to $34 from $35. The analyst says Santander Chile has been his firm's preferred bank in Chile for some time due to its more stable effective tax rate and better loan growth. Further, he believes Chile deserves a premium relative to regional peers given its more stable macro environment.
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